Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance
Christian Keuschnigg and
Søren Nielsen ()
No 850, CESifo Working Paper Series from CESifo Group Munich
This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture capital backed innovation.
Keywords: venture capital bank finance; matching; moral hazard; public policy (search for similar items in EconPapers)
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Working Paper: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance (2006)
Working Paper: Public Policy For Start-up Entrepreneurship With Venture Capital and Bank Finance (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_850
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